Tag: estate tax

Here is an interesting portion of an article by Michael D. Whitty discussing some estate planning considerations for the latter part of 2012. Conditions Remain Favorable for Lifetime Gifts and Other Estate Planning Transactions As covered in our August Estate Planning Notice, the combination of a higher gift tax exemption through 2012 and low … Continue reading Estate Planning Update for Fall of 2012

This is a brief estate and gift tax update for 2012 . (UPDATED) For an estate of any decedent dying during calendar year 2012, the basic exclusion from estate tax amount is $5,120,000, up from $5,000,000 for calendar year 2011 and the estate tax rate will be 35%. The lifetime gift tax exemption … Continue reading Brief Estate and Gift Tax 2012 Update